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Bajaj Allianz's Assured Wealth Goal is a non-linked, non-participating life insurance savings plan. It offers the dual benefit of saving and insurance under the same policy. It consists of six different plan options to cater to the needs of every unique individual. With a starting entry age of 1 month, this investmest plan is available for upto 65 years of age.
This plan offers you various benefits including:
Minimum Age - 0 years Maximum Age - 55 years
Maximum Maturity Age - 99 years
5 to 44 years
5 to 12 years
Monthly, Quarterly, Half-yearly, and Yearly
No limit
Let’s understand how the Bajaj Allianz Assured Wealth Goal Plan works with the help of a simple illustration.
Mr. Verma is looking for a savings plan that provides him guaranteed returns along with return on the amount he has invested.
His financial advisor advised him to buy the Bajaj Allianz Wealth Assure Goal Plan to get the dual benefits of a life insurance plan and a savings plan.
Let's understand how the Bajaj Allianz Wealth Assure Goal Plan works for him with a premium illustration table.
Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Maturity benefits |
30 years | Rs. 1,50,000 | 15 years | 8 years | Rs 12,00,000 | Rs 21,39,000 |
Key Takeaways: In case of Mr. Verma's demise during the policy tenure, the sum assured will be paid to their nominee.
Here are some features of Bajaj Allianz Assured Wealth Goal:
You can avail of loan against your Bajaj Allianz Assured Wealth Goal Plan. The maximum loan amount is 80% of the surrender value of the policy.
This plan provides the option to change your premium payment frequency during the policy tenure.
You can revive your lapsed policy if the revival is made within first 5 years of last unpaid premium.
You will have a free look period of thirty (30) days to cancel the policy if you are not satisfied with the same.
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There are various benefits to buying the Bajaj Allianz Assured Wealth Goal Plan. Let’s understand each of them in detail:
Here is the list of documents required to buy the Bajaj Allianz Assured Wealth Goal Plan:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records of the policyholder if requested.
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the Bajaj Allianz Assured Wealth Goal official website or one of their nearest branch offices.
Visit the official website of PolicyX.com
Click on the ‘Investment’ tab.
A new page will appear on the screen.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of Bajaj Allianz.
Hover over the ‘Plans’ and click on ‘Saving Plans’.
Click on ‘Online Plans’ and choose 'Bajaj Allianz Assured Wealth Goal Plan'
Click on ‘Know More’ and you will be redirected to a new page.
Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
Once discussed you can make the premium payment and get the policy documents.
You can buy the Bajaj Allianz's Assured Wealth Goal Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
What’s Good Here | What’s Missing |
Guaranteed additions | Whole Life Cover |
Joint life cover | High sum assured rebate |
Choice to alter the premium payment mode | Auto cover continuance |
Option to take a policy loan | Top-up premium |
If you are looking for an insurance plan that not only protects your family financially but also provides maturity benefits if you outlive the policy tenure then you can consider buying Bajaj Allianz Assured Wealth Goal Plan. This plan offers you guaranteed additions along with maturity benefits.
If you are still confused about whether buying this plan is right for you or not then you can contact us at PolicyX.com. One of our insurance experts will reach you shortly, understand your requirements, and help you choose the plan that best suits your requirements and needs.
The minimum age to buy this plan is 1 month for the wealth creation variant.
There are a total of six plan variants available in this plan.
The maximum maturity age of this plan is 72 years.
The wealth creation variant of this plan offers joint life cover.
Yes, this plan offered a policy loan facility against 80% of your surrender value.
There is a 30 day grace period available in this plan.
Yes, there is a partial withdrawal option available in this plan, through which you can withdraw your money before the completion of the policy term.
The minimum amount you can invest in this plan is just Rs. 5000/- only.
You can avail of the tax benefits under the below sections: 80C, 80D, and 1010D.
Yes, you can avail of income benefits in all the variants of this plan.
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I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.
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February 5, 2023
Asia/Kolkata
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